Max Stock approves options and share units for staff

Max Stock Ltd. (TASE: MAXO) announced that its board of directors approved a non-material private placement of unlisted options and restricted share units to employees, officers, and vice presidents, according to a company statement.

The placement includes 1,366,768 unlisted option warrants exercisable into 1,366,768 ordinary shares, and 307,768 restricted share units convertible into 307,768 ordinary shares. The securities will be allocated to 23 employees, 8 officers, and 4 VPs who are not officers of the company.

The options and restricted share units will vest over five years, with 50% vesting after two and a half years from the grant date. The remaining balance will vest at a rate of 10% every six months until the end of the five-year period. The exercise price per option is ILS 35.63.

The allocation is subject to Tel Aviv Stock Exchange approval for the listing of the exercise shares. The original report was published in Hebrew on August 11, 2026.

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